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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (150)	10/28/1997 5:25:00 PM
From: Zack Zaccagnini	Read Replies (2) \| Respond to of 5810

I'm new on this thread. I have a general question. If I sold for a loss yesterday and would like to re-enter the position now that it is rebounding, can I re-enter without the IRS getting getting all excited about the loss and the quick re-entry? Appreciate any comments. Zack

To: Colin Cody who wrote (150)	10/28/1997 10:01:00 PM
From: Nasty P	Read Replies (1) \| Respond to of 5810

Peyton's case was mentioned in my research source. I honestly haven't read it. So, I guess you're right it doesn't address the wash sale. However, what a CREATIVE USE of my message again. You are a master!!?? Are you saying that Sec 1091(a) doesn't allow avoidance of wash sale rule for traders? I really can't infer this from your posting. But then again, you just "picked" what didn't look right to you, and completely ignored the main theme: wash sale rule ain't applicable for traders. Give me the source that says otherwise. Cody, what's your objective??? Cleaning up my "mess"? Or just showing your great knowledge??? Fine, but don't revert my postings upside down!!! As far as credit card interest goes, I will conduct more research on RIA, CCH CD-ROM and E-Forms Portfolios when I get back to the office next week. I am working @ a client all this week, and my research is limited to what I have at home. lllater